Sword Group disposes of its subsidiary
Sword CTSpace
Sword Group
Lyon – November 15th 2011,
Disposal of its subsidiary Sword CTSpace
On November 14th, Sword Group disposed of its subsidiary Sword CTSpace to IDOX, a UK based Group. Sword CTSpace is part of the software division, specialised in Electronic Content Management, Workflow Collaboration and
A consistent Software offering
Project Management.
Enhanced ability to acquire
This disposal improves the net cash position of the group by 11M.
The revenue trend of Sword CTSpace is c.13M, this will impact the new pro forma revenue of the Group which will be in excess of c.122M.
This disposal is in line with Sword’s strategy to rationalise its Software portfolio allowing it to concentrate on the key Software propositions.
Sword Group will now be able to focus on and develop the core market
Investor Relations leading Customer Relationship Management and Wholesale Finance software technologies within its Software portfolio. e stephanie.desmaris@sword-group.com
Media Relations
The IT Services and the Communication Technologies businesses will continue to focus on providing blue chip clients with excellence and rigor in the domains of e media@sword-group.com
Portals, Web Content Management, Electronic Content Management, Business
Intelligence and Geographic Information Systems.
Sword Group
This disposal will improve the Group’s organic growth in 2012.
Employees 1 287 after disposal
The positive cash position coupled with the access to over 100 million of credit Euronext Paris – Compartment B (Mid Caps) lines will allow Sword to further pursue its acquisition strategy. ISIN Code: FR0004180578
ICB : 9530 Software & Computer Services
Indices CAC® Small
Commenting on the disposal, Jacques Mottard, Chairman and CEO of Sword CAC® Mid & Small
Group, said « I am pleased to announce the disposal of Sword CTSpace. Not
CAC® All-Tradable only does this serve to focus the Sword Group around our key markets but I also
CAC® All-Share believe this to be an excellent development for CTSpace and IDOX. »
© Sword Group 9 Avenue Charles de Gaulle, 69771
Saint Didier au Mont d’Or Cedex, France
The press release will be published on: www.amf-france.org, www.boursorama.com, www.hugingroup.com and www.sword-group.com.
La présente information ne constitue qu’un extrait du communiqué ci-après : Télécharger le communiqué complet
!:!iframe http://www.nextnews.fr/upload/fr/nextnews%5Fsword%5Fgroup%5Fsword%5Fgroup%5Fdisposes%5Fof%5Fits%5Fsubsidiary%5Fsword%5Fctspace%5F57237%2EPDF!:!
En partenariat avec NextNews
En aucun cas la résponsabilité du site lemediascope.fr ne pourra être engagée en cas d’éventuelle réclamation.
Partager : |
|
Tweet |
|
|
|